NOT LISTED FOR SALE

7029 Palma Ln Morton Grove, IL 60053

Estimated Value: $443,000 - $539,379

4 Beds
3 Baths
2,066 Sq Ft
$235/Sq Ft Est. Value

Last Sold July 14, 2020

Last sale price $320,000 $155 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $3,315/month

43 Days on Market

Highlights

  • Colonial Architecture
  • Wood Flooring
  • Whirlpool Bathtub
  • Hynes Elementary School Rated A
  • Main Floor Bedroom
  • Loft

About This Home

As of July 2020

Updated 4 bedroom, 3 bath home with a 2012 addition. Living room features hardwood floor, bay window, and a pair of built-in armoires. Kitchen features white cabinets, granite countertops, and 2012 stainless steel appliances. Formal dining room with sliding doors to the backyard. Second level master suite with hardwood floors, walk-in closet, and en-suite bath with vanity with granite countertops, and a jetted tub. Additional bedrooms and baths are on first floor. All bathrooms updated in 2012. Outdoor grill with gas line 2018. Concrete driveway 2018, furnace and air conditioner 2012, hot water heater 2018. Great backyard, a must see!

Last Agent to Sell the Property

Marla Schneider

Coldwell Banker Realty License #475127366 Listed on: 03/25/2020

Coldwell Banker Realty

Co-Listed By

Matthew Schneider

Coldwell Banker Realty License #475125885

Last Buyer's Agent

Jane Lee

RE/MAX Top Performers License #471004433

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,803

Year Built

  • 1953

Lot Details

  • 7,405

Parking

  • Detached Garage
  • Garage Door Opener
  • Parking Included in Price
  • Garage Is Owned

Home Design

  • Colonial Architecture
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • Gas Log Fireplace
  • Loft
  • Sun or Florida Room

Kitchen

  • Oven or Range
  • Indoor Grill
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Primary Bathroom is a Full Bathroom
  • Bathroom on Main Level
  • Whirlpool Bathtub

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Location

  • Property is near a bus stop

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions
  • $3,500 Seller Concession

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,803

Year Built

1953

Lot Details

0

Parking

2

Listing Details

  • Property Type: Detached Single
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service, Commuter Bus, Commuter Train
  • Age: 61-70 Years
  • Full Bathrooms: 3
  • Number Interior Fireplaces: 1
  • Ownership: Fee Simple
  • Total Full or Half Bathrooms: 3
  • Style Of House: Colonial
  • Type Detached: 2 Stories
  • Estimated Year Built: 1953
  • Tax Exemptions: Homeowner
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1953

Interior Features

  • Interior Property Features: Hardwood Floors, Wood Laminate Floors, 1st Floor Bedroom, 1st Floor Laundry, 1st Floor Full Bath
  • Number Of Rooms: 8
  • Living Room: Dimensions: 12X22, On Level: Main Level
  • Appliances: Oven/Range, Microwave, Dishwasher, Refrigerator, Freezer, Washer, Dryer, Disposal, Grill-Indoor
  • Fireplace Details: Gas Logs
  • Bedrooms All Levels: 4
  • Primary Bedroom Bath: Full
  • Bathroom Amenities: Whirlpool
  • Above Grade Bedrooms: 4
  • Dining Room: Dimensions: 13X10, On Level: Main Level
  • Kitchen Type: Dimensions: 17X10, On Level: Main Level
  • Additional Rooms: Loft, Sun/Florida Room
  • Master Bedroom: Dimensions: 13X14, On Level: 2nd Level
  • Additional Room 1 Name: Loft, Dimensions: 11X12, On Level: 2nd Level
  • Additional Room 2 Name: Sunroom, Dimensions: 15X19, On Level: Main Level
  • Bedroom 2: Dimensions: 10X10, On Level: Main Level
  • Bedroom 3: Dimensions: 11X10, On Level: Main Level
  • Bedroom 4: Dimensions: 13X12, On Level: Main Level
  • Estimated Sq Ft: 2066
  • Dining Room Type: Separate

Exterior Features

  • Lot Size: Less Than .25 Acre
  • Exterior Building Type: Vinyl Siding
  • Roof Type: Asphalt/Glass (Shingles)
  • Acreage: 0.1716

Garage/Parking

  • Number of Cars: 2
  • Parking: Garage
  • Garage Type: Detached
  • Garage Details: Garage Door Opener(s)
  • Garage On Site: Yes
  • Number Garage Spaces: 2
  • Parking Included In Price: Yes
  • Garage Ownership: Owned

Utilities

  • Electricity: 200+ Amp Service
  • Air Conditioner: Central Air
  • Water: Lake Michigan
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Forced Air

Schools

  • School District: 219
  • Elementary School: Hynes Elementary School
  • Middle School: Golf Middle School
  • High School: Niles North High School
  • Junior High Dist: 67

Lot Info

  • Lot Dimensions: 65X116
  • Parcel Identification Number: 10181110420000

Tax Info

  • Taxes: 10964.62

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2020
Closed on
May 26, 2020
Sold by
Maza German A and Maza Cary E
Bought by
Antoine David and Ylvisaker Amanda
Seller's Agent
Marla Schneider
Coldwell Banker Realty
Buyer's Agent
Jane Lee
RE/MAX Top Performers
List Price
$349,000
Sold Price
$320,000
Premium/Discount to List
-$29,000
-8.31%
Total Days on Market
43
Current Estimated Value
$489,095

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$169,095
Avg. Annual Appreciation
8.30%
Original Mortgage
$314,204
Interest Rate
2.75%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 27, 1994
Sold by
Hsu Pei Pei and Lo Hui Wen
Bought by
Maza German and Maza Cary E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,400
Interest Rate
8.5%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Antoine David $320,000 Chicago Title Insurance Co
Maza German $144,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Antoine David $314,204
Previous Owner Maza German A $150,000
Previous Owner Maza German A $90,000
Previous Owner Maza German A $146,200
Previous Owner Maza German A $150,000
Previous Owner Maza German $114,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2020 07/14/20 Sold $320,000 -4.4% $155 / Sq Ft
05/07/2020 05/07/20 Pending -- -- --
04/01/2020 04/01/20 Price Changed $334,900 -4.0% $162 / Sq Ft
03/25/2020 03/25/20 For Sale $349,000 -- $169 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $7,803 $40,171 $9,718 $30,453
2023 $11,326 $32,001 $9,718 $22,283
2022 $11,326 $47,001 $9,718 $37,283
2021 $8,454 $31,880 $5,980 $25,900
2020 $8,369 $31,880 $5,980 $25,900
2019 $8,462 $35,821 $5,980 $29,841
2018 $10,965 $41,133 $5,419 $35,714
2017 $11,023 $41,133 $5,419 $35,714
2016 $10,668 $41,133 $5,419 $35,714
2015 $8,006 $29,069 $4,671 $24,398
2014 $7,869 $29,069 $4,671 $24,398
2013 $7,716 $29,069 $4,671 $24,398
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10676315

Midwest Real Estate Data (MRED)

APN: 10-18-111-042-0000